Orchard Street to target long leases

Orchard Street Investment Management is investing £150m in long-leased UK property for a new UK pension fund client.

Orchard Street partner John Humberstone said the pension fund, which already invests in property, aims to build a portfolio of £10m-£30m assets let on average 15-20-year, inflation-linked leases across sectors. Orchard Street will target a spread over RPI inflation for the portfolio’s return.